Introduction How would 104 million dollars change your life? For most, it would make a dramatic difference. An ABC news article from 2012 lists a few major whistleblowers that blew the whistle on their employers and received millions of dollars. Bradley Birkenfeld, an ex-banker, was rewarded 104 million dollars from the IRS. Cheryl Eckard, a former employee of Glaxo Smith Kline was awarded 96 million dollars (ABC ARTICLE).
So we can interpret that in the year 2013, the risk of the firm is getting lower as the ratio goes down. As the definition says that higher the ratio, greater the ability of the firm to pay its bills. This tells that Coca-Cola is not really improving their liquidity and efficiency, because their current ratio dropped from the previous year. As of September 29, 2013, and September 30, 2012, the Company had a weighted average interest rate of 6.1%, 5.9% and 6.1%, respectively, for its outstanding debt and capital lease obligations. The Company’s overall weighted average interest rate on its debt and capital lease obligations was 5.8% for YTD 2013 compared to 6.1% for YTD 2012.
For MONY • Poor performance in 01-02, ROE of 1% compared to industry of 10%, valid argument? HIG JHF MET PRU UNM MONY Net income -91 806 2,196 1,085 -386 37 Equity 11,639 8,216 21,149 21,292 7,271 2,094 ROE -0.8% 9.8% 10.4% 5.1% -5.3% 1.8% • The whole life incurance sector had been in trouble • MGMT forecasted EPS of 4, analysts said 30-35 cents • Low performance since demutualization → They criticized the deal, claiming it was undervalued (Delaware courts etc) (share price above bid price they claimed) For management? • General change In control Contracts (CICs) → would compensate top mgmt. and some board members in a takeover (6% of the value of the deal) • Hard to turn around negative profits without major changes Concerns about the deal? • MGMT CICs made mgmt.
As Jones sales growth rate is high than sustainable rate, so its net earning could not support increased account receivable and inventory. Then the company need bank loan to finance the increase business. 2004 2005 2006 First Quarter 2007 collection period 42.0 days 44.0 days 43.0 days 43.9 days payables period 10.1 days 10.0 days 24.1 days 37.4 days 3.Is Nelson Jones’s estimate that a $350,000 line of credit is sufficient for 2007 accurate? What will happen to Jones’s financing needs beyond 2007? Jones currently has $203,000 of accounts payable.
Attention Getter: A shocking statistic: Did you know that smoking is the most preventable cause of disease and premature death in America? In 2012, about 577,190 Americans are expected to die of cancer,more than 1,500 people a day. Cancer is the second most common cause of death in the US, exceeded only by heart disease,accounting for nearly 1 of every 4 deaths. (American Cancer Society) B. Thesis Statement: Breaking the habit of smoking is the right way to go because smoking is not only harmful for you but it is also harmful to the people around you. II.
The 2012 net income of $44.88B reported showed a 9.30% growth of $3.82B compared to the $41.06B in net income reported in 2011 (ExxonMobil Corporation, 2013). While the amount of growth is substantial when standing alone, it was modest when comparing the 2010 and 2011 reporting periods. That time frame saw a 34.80% growth which equaled $10.60B (ExxonMobil Corporation, 2012). When considering ExxonMobil’s cash flow, one finds that cash flow for 2012 was a negative $3.08B. The company’s cash and cash equivalents started the year with $12.66B and ended with $9.58B, a 24.83% drop during the year.
Of those, more than 300 non-smokers will die of lung cancer and at least 700 non-smokers will die of coronary heart disease caused by exposure to second-hand smoke. This number is five times more than the number of Canadians who die from traffic injuries, alcohol abuse, murder and suicide combined. Picture a tobacco free society where smoking is outlawed! What are the chances of that happening? Likely impossible but there has to be a small possibility of preventing people from smoking.
Lung cancer is the deadliest form of cancer, with nearly 90% of patients dying within 2 years of diagnosis, in large part because it tends to be diagnosed late (Gulyn and Youssef, 2010). Signs and Symptoms Initial presentation of lung cancer, regardless of gender, tend to be nonspecific, as a chronic or new cough in 65% to 75% of cases, with 25% or more having a productive cough (Yoder, 2006). Since lung cancer often occurs in central airways it can also present as pneumonia and lymph enlargement; hemoptysis will occur in 20% to 30% of patients. Other symptoms include dyspnea , with 60% of patients developing it early and 65% developing it at some time during their illness (Yoder, 2006). About 50% of patients present initially with chest pain (Yoder, 2006).
Kwik Lube Case Study Compute the loss for Kwik Lube stations during the last two years using trend analysis. How accurate can results claim to be? With a -.01 bias and a negligible tracking symbol, the forecast analysis substantiates Dick Johnson’s assertion that the presence of competition cut directly into Kwik Lube’s profit. A trend analysis was conducted and projects sales in the amount of $1,419,445 and $1,530,445 for 2006 and 2007, respectively. Comparing the gross sales forecast to actual sales, this results in a loss of $309,445 in 2006 and $420,445 in 2007.
Over 3,000 ‘DMVs’ (Deserted Medieval Villages) have been discovered in England, with historians such as Chorpa attributing the reason for desertion to the plague. In perhaps the best known example, Wharram Percy in North Yorkshire, the surviving population is thought to have fled to York to avoid starvation as the village became unsustainable due to 85% of the population dying because of the plague. Some villages, including Kilkenny, saw total oblivoration and 100% death rates. However, perhaps the greatest impact was in the major cities, particularly London, England’s biggest city in the middle ages. London was described by contemporise